Scalp to freedom 10-20 pips a trade...guaranteed? - page 29

waterloo
15
waterloo  
suk1000k:
Todays trade is full lot opened at 1.6898 targetting 1.6775 initially with a 60pip stop, 125 take profit. I will be moving stop up incrementally and closing out at least half of position before that target is hit though and lock in pips# at about +40 or 50.

Why not entry first?

robp
565
robp  

Because those colors are not locked in until bar close.

waterloo:
Why not entry first?
WilteredFire
108
WilteredFire  

I think what waterloo was trying to say was, why not trade the entry he pointed out in his screenshot?

I agree with you waterloo, maybe our friend Suk here can enlighten us all and explain why the entry you pointed out in your screenshot was not taken, and the 2nd set of red bars were taken.

As always like rob says though, we wait until the bars all close and the current candle closes, entry is always on the opening of the next candle.

suk1000k
319
suk1000k  

Hi guys, Because I am not EA robot, I believe on this occasion, I was in bed eating my wife's delicious egg on toast and sipping tea whilst listening to the birds and watching the clouds pass thru the sky. DNT today sorry for that. Back tomorrow. We need to decipher some of the systems from earlier posts also...

suk1000k
319
suk1000k  

Straightforward sell/buy 20 pips each.

Sell against trend (1/2 number of lots)

Buy with trend (1 lot)

SL 10 + spread

TP 20 (1st trade)

SL 10 + spread

TP 25 (second trade)

1.7505 profit taken @ 1.7481 (20 pips 10 net)

1.7515 profit taken @ 1.7444 (25 pips 30 net)

Total pips for day 35 pips net

WilteredFire
108
WilteredFire  

Suk, very nice trades there brother.

What were the stoplosses based on, previous highs/low's?

Its good to see that you got away with a small stoploss such as 10+spread on the 15m timeframe

suk1000k
319
suk1000k  

Rule Update...

Hi Wiltered. Because market moving in a channel, and reversed so expecting change of ATR as well (range) to lower than the recent 300 pip/day moves down to the fibo number @ 1.69XX from 2.1160.

I am using all CCI indicator also to make sure signal is not reversed immediately on the open of entry candle.

Files:
suk1000k
319
suk1000k  

trades

both long. 2 lots; 1 lot, closed out 1st lot @ +50

SL moved to +20 out on both remaining lots.

Total net pips: 50 + 40

= 90 pips

Entries green, initial stops red, all closed yellow.

I just took another rare buy limit long at my previous entry, 1.7477 (pivot 1/4 lot 30 pip stop target 50 @1.7537/41).

Files:
FXMan77
1190
FXMan77  

Scalp to freedom 10-20 pips a trade...guaranteed?

I'm confused. Could you please tell me what is

scalp or scalping? Thanks.

suk1000k
319
suk1000k  

Hi Bongo it is essentially in and out of market in either a very short amount of time or for about 1-20 pips in a trade profit. I had moved to testing trades on 15 minute chart which is not so much scalping having got lost in some of the impressive looking systems being posted by other members...thanks for checking out.